Definition
A Beacon score is a FICO based credit score that is sold to lenders by Equifax.
Analysis
Equifax subscribes to the FICO risk scoring model and then tweaks it with internal adjustments to generate its own version, which is called a Beacon score. The Beacon score is sold to lenders, which will use the score for evaluations of credit applications or in marketing decisions.
The Beacon score is different from the VantageScore, which is marketed to both lenders and consumers in various formats. Additionally, Equifax markets a Score Power score, which is a consumer product that mimics the Beacon score.
